Wednesday, December 08, 2010

Wal-Mart is Slashing again - WAGES

As our well-meaning but misguided President breaks all negotiating and budgetary rules in an attempt to get a few dollars in the hands of the people who need it most, the corporate ogres are once again snatching those dollars away in the race to the bottom.

Wal-Mart announced today that it is ending a $1.00 per hour premium for employees working a Sunday shift. It's about time. I mean, everybody knows those Wal-Mart workers were just way overpaid. As if it made a normative difference, a Wal-Mart spokeshole said the new rule applies only to workers hired after January 1, 2011. This is part of CEO Mike Duke's push to reduce costs (and employee solvency) at Wallyworld.

Hmmm, If Sir Duke want's to reduce costs, why doesn't he start with his salary? It took seconds to come up with this story on the web from ABC News commenting that Mike Duke, with his $35 million salary makes more in an hour than some Wal-Mart workers make in a year. Let's say he cut his salary down to the barely livable $10 million a year, that $25 million could pay the Sunday $1.00 stipend for an entire year of a football stadium full of Wal-Mart workers, 60,125 workers to be exact. It sure would be great if 60,125 workers showed up on Duke's doorstep one Sunday morning to remind him of this. Michael Moore, are you listening? Hint, hint.

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